In the past there has been and there still is a lot of discussion concerning the foreign aid provided by developed countries to developing countries. As recent as June this year, the US congress put a halt to the annual budget allocation for international aid to Afghanistan, ostensibly in light of the accusations that a large part of the funds were being misappropriated as a consequence of Afghan corruption.
Underlying this incident however is the need for developed countries year in and year out, to provide a pool of funds to support the most disadvantaged in the developing countries yet with no discernable shift in the circumstance of these countries or the overall impact of the foreign aid in terms of tangible improvement.
In 2005 James Wolfensohn, recently retired president of the World bank pointed out that the world spends 1000 billion a year on defense and one twentieth of that, around fifty billion a year on development.
His argument was to spend less on defense and more on development but what of the fifty billion already spent each year?